Russia is just a step away Mistake. The sanctions imposed on Putin’s nation after the attack on Ukraine are bringing Russia’s economy to its knees on a daily basis. And the gas could no longer serve as a parachute under these conditions, at least not on its own. “Russia’s state bankruptcy is only a matter of time,” said the President of the European Commission. Ursula von der Leyen in an interview with the German newspaper Bild.
“Exports down 70%”
And the reason is obvious: the sanctions imposed by the EU and NATO countries “are penetrating deeper into the Russian economy with each passing week: exports to Russia are collapse 70 percent,” said the President. Up to 700 Russian aircraft have lost their license due to a lack of spare parts and software updates, while hundreds of large companies and thousands of experts are “turning their backs on the country,” emphasizes von der Leyen, who reports that “according to current forecasts, gross domestic product in Russia will 11% will collapse.” In short, a fullfledged collapse, but it is already too late for Moscow and its president, who is so eager to continue defeating the Ukraine conflict that the “last and only minimum goal left.” With this war noted the President of the European Commission stands by Putin destroy also his own country and the future of his people”.
“Prove it is as you say…”
The Russians, teased by this issue and fully aware that the reality they are in is precisely the insolvency, are not there and are trying to counter with words, declaring that Russia’s insolvency is ” could lead to Europe becoming insolvent. Both morally and, most likely, materially “: That’s what the former Russian president said Dmitry Medvedev, now Deputy Chairman of the Security Council of the Russian Federation, who sent a telegram to Ursula von der Leyen in reply to the time factor of the Russian failure. “Well, then try it,” Medvedev writes after reports from TASS, and then accuses the President of the European Commission of having the aim of bankrupting Moscow as a “secret plan of the masochists in Brussels.” It is no longer about the suffering of exhausted people, not about the end of a special military operation, not about the longawaited peace in Ukraine, but about Russia’s insolvency. As for the possible consequences for Europe, the former Russian president warned that the EU’s financial system would not be fully stable and that the punitive measures imposed on Russia could provoke hyperinflation for which “the bad Russians can no longer be blamed”.
“Oil in the Sanctions”
As the Russians lick their economic wounds, von der Leyen follows suit by declaring that they are working to develop intelligent mechanisms so that “the oil could also be included in the next phase of sanctions,” he told Bild Germans about the sixth package of EU sanctions against Russia. How could this goal be achieved? Certainly by reducing Putin’s income. However, oil is traded globally. “What must not happen is that Putin demands even higher prices in other markets for supplies that would otherwise go to the European Union,” von der Leyen explained, adding that the banking sector will continue to be among the targets of the new sanctions, “in particular Sberbank, which alone accounts for 37% of the Russian banking sector”.